PracticeProbs 4

PracticeProbs 4 - 3UREOHPV IRU /HFWXUHV 7KH 8 6 FDQ XVH...

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Unformatted text preview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This note was uploaded on 10/23/2011 for the course ECON 101 taught by Professor Buddin during the Winter '08 term at UCLA.

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PracticeProbs 4 - 3UREOHPV IRU /HFWXUHV 7KH 8 6 FDQ XVH...

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